Another term for short-term investments is marketable securities
Indicate whether the statement is true or false
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A good rule of thumb for managing accounts payable is to:
a. Never pay until the bill is thirty days past due. b. Delay paying for as long as is acceptable under the agreement. c. Pay as soon as the bill is received. d. Avoid using credit for purchases.
Customers at an amusement park arrive at the rate of 10 customers per hour. The entry booth is staffed by one employee. The mean service time at the booth to provide service to each customer is 5 minutes. The arrival rate follows a Poisson distribution, and the service time at the booth follows a negative exponential distribution. It is estimated that the cost of customer waiting time associated with dissatisfied customers and loss of goodwill is $12 per hour. The employee at the service booth is paid $8 an hour. Determine the average customer waiting time cost per day in the queue. Assume total hours of operation as 10 hours per day.
a. $599 b. $625 c. $500 d. $700
Chipata Corporation applies manufacturing overhead to jobs on the basis of machine-hours. Chipata estimated 25,000 machine-hours and $10,000 of manufacturing overhead cost for the year. During the year, Chipata incurred 26,200 machine-hours and $11,300 of manufacturing overhead. What was Chipata's underapplied or overapplied overhead for the year?
A. $1,300 overapplied B. $480 overapplied C. $820 underapplied D. $1,300 underapplied
The traditional client/server architecture involves two levels, or tiers: a client tier and a _________ tier
Fill in the blanks with correct word